Three-Unit Townhouse with
For Sale
$2,398,000
367 JEFFERSON Avenue, Brooklyn, NY 11221
An owner's two-bedroom duplex opens directly onto a private garden, alongside two additional residences.
Property Size3,000 SF
Price / SF$799.33
Days on Market43
Property Features for 367 JEFFERSON Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,040
Building Details
Building Size
3,000 SF
Year Built
1915
Year Renovated
2009
Buildings
1
Stories
4
Listing Agency:
Berkshire Hathaway HomeServices New York Properties
Listed By:
Doron Berenholtz
(718) 344-2668
Source:
Irynaferenets
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 26 at 10:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices New York Properties
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Investment Insights
Based on property information with market context.
This 3,000-square-foot townhouse contains three residences across four stories. The owner's duplex has two bedrooms with en-suite bathrooms, living and dining areas, and a direct connection to a private garden. Two other residences complete the property's configuration.
A gut renovation was completed in 2009. Interior and building features include red oak flooring, exposed brick, radiant heat, updated electrical and plumbing systems, a smart boiler and water tank, a sprinkler system, and an updated roof and facade. The building dates to 1915 and is located on Jefferson Avenue in Brooklyn.
A gut renovation was completed in 2009. Interior and building features include red oak flooring, exposed brick, radiant heat, updated electrical and plumbing systems, a smart boiler and water tank, a sprinkler system, and an updated roof and facade. The building dates to 1915 and is located on Jefferson Avenue in Brooklyn.
Key Highlights
- Three residences in a four‑story townhouse
- 3,000 square feet of interior space
- Owner's duplex has two bedrooms with en‑suite baths and direct garden access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5,445
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - An owner's two-bedroom duplex opens directly onto a private garden, alongside two additional residences.
Where is this triplex located?
The property is located at 367 JEFFERSON Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,398,000.
What are key features of this property?
This property features: Three residences in a four‑story townhouse; 3,000 square feet of interior space; Owner's duplex has two bedrooms with en‑suite baths and direct garden access
